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(Figure: the Home and World Markets) If a Tariff of $10

Question 132

Multiple Choice

(Figure: The Home and World Markets) If a tariff of $10 is imposed by the home country, it causes a loss in the world market (exclusive of any effects on the home market) of: (Figure: The Home and World Markets) If a tariff of $10 is imposed by the home country, it causes a loss in the world market (exclusive of any effects on the home market) of: A) $240. B) $160. C) $200. D) $80.


A) $240.
B) $160.
C) $200.
D) $80.

Correct Answer:

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